Friday, May 10, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Core sector output shrinks by 5.2 pc in September

Core sector output shrinks by 5.2 pc in September

The eight core sectors had expanded by 4.3 per cent in September 2018. Production of seven sectors of coal, crude oil, natural gas, refinery products, cement, steel, and electricity contracted in September.

PTI Reported by: PTI New Delhi Updated on: October 31, 2019 18:04 IST
Core sector output shrinks by 5.2 pc in September
Image Source : PTI

Core sector output shrinks by 5.2 pc in September

The output of core infrastructure industries shrank by 5.2 per cent in September 2019 as seven of eight sectors witnessed negative growth, according to official data released on Thursday. The eight core sectors had expanded by 4.3 per cent in September 2018. Production of seven sectors of coal, crude oil, natural gas, refinery products, cement, steel, and electricity contracted in September.

Fertilizers production increased by 5.4 per cent in September 2019 over the year-ago month.

During the April-September period, the growth of core industries fell to 1.3 per cent against 5.5 per cent in the year-ago period. 

ALSO READ | Sebi tightens norms for listed banks on bad loan disclosures

ALSO READ | United Bank stocks jump nearly 17 pc post Q2 results

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement